For the fourth consecutive day, gold prices have closed higher, now trading to a 2 ½ week high. Gold futures today rose roughly 3 dollars to close at $1233 per ounce. This a continuation of the dramatic rise in gold prices witnessed on Wednesday of last week, immediately following the conclusion of this month’s FOMC meeting. For the most part, last week’s dramatic rise in gold prices contained a significant percentage of dollar weakness. US dollar weakness surface last week as market participants viewed the current stance of the Federal Reserve as much more dovish than anticipated. Inasmuch as an... Read more
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http://jarrettboone.blogspot.com/2017/05/gold-continues-fed-enhanced-rally.html
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